Family-owned restaurant

ECN 220 Week 4 Discussion 1

Family-owned restaurant. Walmart is one of the most commercially successful U.S. companies today. Relate what you have learned about costs to why Walmart has been so profitable. Has Walmart’s success come at any cost? What is the most serious charge against Walmart? What is the most significant benefit that Walmart offers?

ECN 220 Week 4 Discussion 2

You are the owner of a family-owned restaurant. You do not pay yourself a salary or an hourly wage. How and why does this practice affect the economic cost of serving your patrons?